A1gp Gets New Ceo

A1 Grand Prix has poached a top Siemens executive to become the new chief
executive officer of the fledgling motor racing series.

Pete Da Silva will join A1GP in January 2007 from his current position as
Group CEO, Siemens in South Africa.

The Brazilian-born 48-year old will take
overall responsibility for the day-to-day running of the series, overseeing its
future growth and development with particular attention to the company’s
forthcoming IPO.

Commenting on his new appointment, da Silva said: ‘I am
looking forward to further developing the many accomplishments of A1GP as it
expands into new markets, forges new commercial partnerships and develops as a
business. A1GP has created a unique product in motorsport that delivers an
outstanding entertainment package so for me, this is a great opportunity to
combine my business experience with a personal passion for the sport.’